Good morning, everyone! ☕️ I trust you're all doing well. The price action prompted a break-even situation for me from yesterday’s setup (buy zone). Although I manage to bag 70+ pips, it had the potential for a 100-pip movement, it fell short. I've identified two potential zones. Yesterday, the price rebounded from the daily resistance area and established a new...
NASDAQ:MSFT chart mapping/analysis. Bullish price momentum within an ascending parallel channel (green). Bull target(s) Breakout above ascending trend-line resistance (white dotted) Upper range of ascending parallel channel (green) Upper range of ascending parallel channel (light blue) 23.6% Fib + ascending parallel channel(s) confluence resistance...
NASDAQ:NFLX chart mapping/analysis. Bullish recovery back into ascending parallel channel (green). Bull target(s) Breakout descending parallel channel (white) + descending trend-line confluence resistance Overhead gap fills (~470 / ~506.93 / ~566.88) Golden Pocket Fib + gap fill (~506.93) confluence resistance zone Bear target(s) Underlying gap...
NASDAQ:NVDA chart mapping/analysis. Breakout/bullish price momentum pushing higher within an ascending parallel channel (green). Bull target(s) Golden Pocker Fib Ascending trend-line resistance (white dotted) 78.6% Fib (+1) Bear target(s) 50% Fib (+1) Descending trend-line support (white dotted) aka "return to scene of crime" 38.2% Fib (+1) ...
NASDAQ:TSLA chart mapping/analysis. Continuation of bearish price momentum. Bull target(s) Breakout above 38.2% Fib Overhead gap fills (~242.08 / ~289.52) Descending trend-line resistance (white dotted) 50% Fib Upper range of descending parallel channel resistance (white) Ascending trend-line resistance (green dotted) aka "return to scene of crime" ...
Many alts sitting at their lows have similar setup and structure. Risk to reward, worth taking a shot, just manage your stop loss. We can always look for another entry if it drops. If you wanna play it safe, put the SL tight and close below the last low. Targets as shown via fib extension, fib retracement and resistance levels. Target those areas by spreading your...
CME_MINI:NQZ2023 - PR High: 15866.00 - PR Low: 15844.00 - NZ Spread: 49.0 Key Calendar Events: 08:30 – Initial Jobless Claims - Philadelphia Fed Manufacturing Index Prev session closed virtually flat - Daily printed for potential reversal short Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Gap 7/20: -0.11%...
AMEX:SPY November 16, 2023 15 Minutes. As expected not much movement to the upside. Nor any retracement. Now AMEX:SPY in 15 minutes is less than 9,21 and 50 averages. It looks like a retracement will happen today. I am expecting 446-447 levels. As you can see for the 2 rise 433.39 to 451.37 440.1 to 451.37 we have a fibo meeting at 444.5 levels. No trade da for me.
Daily Swing is bearish Daily Internal is bullish to ease the daily pullback The price has mitigated the 50% of P&D Strong momentum of bullish, because of USD CPI being less than forecast is bad for currency Shorts from this previous supply can be traded just to facilitate the daily internal pullback Just to update y'all I've changed the strategy that...
On day chart Render Token hit Supply Zone that is also the 2.0 Fibo Channel in my last idea. First sign, RNDR failed at 2.6 and can pull back to Support around 2 this zone is good to join You can trade on lower TF Wait for next move
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Full disclosure, I own this stock as a long term investment since pre 2020 Currently has weekly demand level with bullish RSI divergence, This chart also forms a bullish bollinger band reversal with a close outside of the bollinger bands and a subsequent close within the bollinger bands with divergence I believe this stock is likely to increase to >$0.70c or...
Higher time frames on CRO are looking like they may have a decent amount of more upside while the smaller time frames are indicating a pull back maybe likely. As such I have taken a long position at the low of this consolidation with a tight stop loss but also open to a ABC correction for a much larger move. IF IF IF price manages to pull back to the 50%...
Swing Report Card Daily chart is bearish 2H chart is Bearish 30M Chart is bearish + V-shape + mitigation of the supply zone + trend change with the trade thesis This is the execution of the trade and I will make a follow up video with the results of the trade with a full break down + lesson + improvements to be taken there after. All the trades are taking...
Pendle remains on the overall trend and had a meaningful cool off which is needed to keep the longer-term momentum. RSI took a breather and HV is on an uptrend. The most recent bounce was directly on the .5 FIB which is a power move imo. I think we see ATH soon. I added a local demand as additional supportive context. I would say we see ~1.20 in ten days time.
NFA, IMHO. Wise just for another anticipate. If it's happen then it could open for another leg down, volume has starting to reduce while price pullback above. I nvr command anyone to sell/buy.
Today I gave a trading idea in the channel, which mainly uses the 1980 position as a defense to short gold. The specific trading signal is to short gold in the 1974-1976 area, TP: 1964. Obviously, after the PPI data was released, gold rose to the area where we shorted gold, and then fell directly to my expected profit target of 1964. We easily made a profit of...
History doesn't always repeat, but it usually rhymes. This fractal is playing out nicely and just so happens to take us right to the .786 Fib extension.